Where First-Time Investors Buy First-time investors are sticking close to capital cities, according to a new report.
The Active Property Investors Report from the Commonwealth Bank also shows the average age of property investors in Australia is 43 and the average loan size is a little more than $500,000.
CBA’s Executive General Manager of Home Buying, Dr Michael Baumann, says nationally the top location for new property investment purchases in 2023 was in the 2000 postcode of the Sydney CBD including Haymarket.
In Melbourne the top postcode, was 3029 which covered West Melbourne, including Hoppers Crossing.
Another top performer is the 2765 postcode of North West Sydney, including Marsden Park.
The top Brisbane location for new investment purchases was the 4000 postcode which includes the Brisbane CBD.
Dr Baumann says the majority of the top-performing postcodes have been consistently popular with investors for many years. The data shows since 2019 three of the top-performing investment postcodes are still at the top of the list.
